KPI or Key Performance Indicator can be defined as a practical and objective measurement of progress, either:
- Towards a predetermined goal, or
- Against a required standard of performance
We also all know our KPIs need to be SMART.
But also think about the outcome you are looking for in your Supply Chain.
What are the ‘drivers’ of that performance?
Watch the video below:
Related articles on this topic have appeared throughout our website, check them out:
- 11 Golden Rules for Meaningful Supply Chain KPIs
- KPI Key Performance Indicators in Supply Chain & Logistics
Editor’s Note: This post was originally published on July 28, 2021, under the title “Picking the Right Supply Chain KPI” on Logistics Bureau’s website.